Latest News
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Canada’s economy contracts in final quarter of 2025 as firms draw down inventories
Statistics Canada says the economy capped off a volatile year with a contraction in the final quarter of 2025. The agency said Friday that real gross domestic product declined 0.6 per cent on an annualized…
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WSP completes acquisition of TRC
About TRCTRC stands for adaptability. With direction setting perspectives and partnerships, our ~8,000 tested practitioners in advisory, consulting, construction, engineering and management services deliver unique resolutions that answer any built or natural imperative. By creating…
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Loblaw reports Q4 profit and revenue up
Loblaw Cos. Ltd. reported its fourth-quarter profit and revenue rose compared with a year earlier. The parent company of Loblaws and Shoppers Drug Mart says it earned a profit available to common shareholders of $656…
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National Bank reports $1.25B Q1 profit, up from $997M a year earlier
National Bank of Canada reported a first-quarter profit of $1.25 billion, up from $997 million a year earlier, helped by its acquisition of Canadian Western Bank. The bank says the profit amounted to $3.08 per…
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BMO Financial Group reports $2.49B Q1 profit, up from $2.14B a year earlier
BMO Financial Group reported a first-quarter profit of $2.49 billion, up from $2.14 billion a year earlier. The bank says its profit amounted to $3.39 per diluted share for the quarter ended Jan. 31, up…
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Scotiabank reports $2.3B Q1 profit, up from $993M a year earlier
The Bank of Nova Scotia reported $2.30 billion in first-quarter net income, up from $993 million a year earlier. The bank says the profit amounted to $1.73 per diluted share for the quarter ended Jan.…
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IBM is the latest AI casualty. Shares are tanking 11% on Anthropic programming language threat
International Business Machines stock is getting slammed, becoming the latest victim of rapidly developing AI technology, after Anthropic’s Claude announced COBOL capabilities. Shares of IBM fell 11% in Monday afternoon trading after Anthropic outlined a new…
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OPINION: Big banks set to post higher profits as lenders continue to shrug off trade war concerns
Canada’s biggest banks are set to post higher profits as elevated trading activity boosted by volatile equity markets is expected to curb the impact of softening loan demand from consumers and businesses. Analysts broadly expect…
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Loblaw to spend $2.4-billion in 2026 building new stores, renovating others
Loblaw Cos. Ltd. L-T +2.14%increase says it plans to spend $2.4-billion to expand and renovate its store network and supply chain capabilities this year as it looks to open 70 new stores. The grocery and drugstore retailer says…